Featured News
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AICPA ethics committee corrects authoritative guidance
The AICPA’s Professional Ethics Executive Committee updated a list of examples related to meeting independence standards when providing recruiting services for attest clients.
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Businesses must prove their expense reductions, tax court rules
The Tax Court recently ruled that a self-employed taxpayer did not provide enough evidence to support her business expense deductions.
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BOI injunction lifted; new reporting deadline set
A federal district court lifted the last remaining nationwide injunction stopping beneficial ownership information (BOI) filing requirements.
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AICPA urges IRS to prioritize taxpayers
The AICPA has expressed concerns regarding potential layoffs at the IRS, urging the agency to consider the needs of taxpayers and preparers.
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AICPA auditing board approves two exposure drafts for comment
The AICPA Auditing Standards Board (ASB) voted Thursday, Feb. 13, to approve two separate exposure drafts for public comment.
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IRS sets lower auto depreciation limits
For the first time in at least three years, the IRS issued lower depreciation limitations for passenger automobiles.
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PCAOB withdraws proposed rules on firm and engagement metrics
The PCAOB on Tuesday, Feb. 11, withdrew its request for SEC approval of rules that would have required registered firms to report a significant new set of firm and engagement metrics.
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AICPA’s Melancon named to Accounting Hall of Fame
Barry Melancon, CPA, CGMA, who retired as CEO of AICPA & CIMA in December, will be inducted into the Accounting Hall of Fame by the American Accounting Association (AAA).
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US House passes BOI reporting deadline extension
The U.S. House has passed a bill that extends the deadline for small businesses to report their beneficial ownership information (BOI) as mandated by the Corporate Transparency Act.
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Workers in different industries have differing priorities, survey shows
Respondents in a new Grant Thornton survey shared their thoughts on the latest trends in employee attitudes, desires and concerns across various sectors.